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Santo Domingo.- Manuel E. Bonilla, the new president of the Canadian miner Barrick Gold’s local operation announced that the area’s cleanup and environmental management will cost US$450 million.
“With this Pueblo Viejo becomes the biggest environmental cleanup project in the mining world,” Bonilla said in a statement. “Without Barrick’s funds and technologies, Pueblo Viejo would’ve continued aggravating the situation in the area and contaminating the zone. Today we are accelerating the recovery of all the preexisting damages to the maximum.”
The executive said to date, the mine’s infrastructure construction is 60% complete and expected to start extraction operations at the end this year or the beginning of the next.
The executive stressed that Barrick is not only committed to assume the cleanup of the environmental damages within the reserve, since it will also take charge of 100% of the adjacent zones.
“Barrick Pueblo Viejo made a pledge to the Government to handle the existing environmental problems within the fiscal reserve assigned to the company and it then decided to pay for 100% of the bordering zone’s cleanup, an additional cost estimated at US$75 million.”
Bonilla’s executive experience and diverse specialties are in marketing as well as in strategic planning, and has headed well-known companies in the country such as Verizon (Codetel) and Wind Telecom.
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You sound like they're doing us a favor, but in fact they're just cleaning their own mess, and ripping billions of dollars from the Dominican people and its resources; so STFU, we're not stupid, just hopeless because of people like you.
No
The "Dominican people" didn't even know the resource was there, and if they did, didn't have the resources, or the sense to extract it. Sure the company makes a profit, but the country also benefits through down-stream business and taxation, and unlike Dominicans, they will clean up after them.
DR needs ventures like these, to reduce dependence on foreign tourists and foreign jobs.
So you are "not stupid"?
Biting the hand that feeds you is very stupid!
We can have any mining company in the world extracting those resources, but LF gave the contract to that Canadian company when must of the people opposed the signing of such contract.
Biting the hand that feed us?
Keep your cake hole closed if you don't know what you're talking about.
Well said & obviously well researched!
We will keep Barrick honest!
Have a great DR Dias!
Tommy.
why did most of the people oppose the Canadian bid?
Which DR owned and operated mining company should have won it?
However the reality is,
groundwater in the Great Australian Artesian Basin, was almost depleted not by mining but by greedy, irresponsible graziers.
Likewise the salination of the Murray Basin was caused by greedy, irresponsible irrigation farmers.
Farmers not miners were responsible for most of the clearing of forests, denigration of water, erosion, introduction of rabbits, foxes and cane-toads, and most extinction of flora and fauna.
Mining affects less than 1% of the surface area of Australia, but provides more income than agriculture. If farmers had to comply with the same rigorous environmental standards as miners then there would not be any farms.
NOT HIS WIFE NOW!!